News Release

Savannah, GA, March 1, 2001 - Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics (NYSE: GD), has filed applications for two new world-speed records with the FAI (Federation Aeronautique Internationale) for nonstop flights by its Gulfstream 200 super mid-size business jet aircraft.

On February 23, 2002 the G200 completed the following flights:

"The Gulfstream 200 leads the super mid-size category," said Joe Walker, Sr. Vice President Worldwide Sales, Gulfstream Aerospace. "We are very pleased with its success and are especially excited about the recent order for three Gulfstream 200s from Hainan Airlines," he added. "The balanced performance of this super mid-size aircraft ensures flights from Tokyo to Singapore and Berlin to Delhi are nonstop."

Gulfstream has filed for city-pairs records in weight class C-1H.

Captain Scott Evans, chief pilot and Captain Brad Robinson, co-pilot, and Captain Steve Johnson, senior international pilot and Captain Kevin Bixler, co-pilot flew the record-breaking flights.

Data on each of the two legs has been submitted to the National Aeronautic Association, the U.S. representative of the FAI, for review.

From a comfort perspective, the Gulfstream 200 has the largest cabin volume in the super
mid-size business jet category and is powered by twin Pratt & Whitney Canada PW306A engines, each rated at 6,040 pounds.

NOTE TO EDITORS

Gulfstream Aerospace Corporation designs, develops, manufactures, markets and services the world's most technologically advanced business jet aircraft. Gulfstream has produced more than 1,300 aircraft for customers around the world since 1958. To meet the aviation needs of its customers, Gulfstream offers a full range of aircraft products and services, including the Gulfstream 100®, Gulfstream 200®, Gulfstream IV-SP®, the ultra-long range Gulfstream V® and Gulfstream V-SP®, Gulfstream Shares®, Gulfstream Financial Services Division, Gulfstream Pre-Owned Aircraft Sales®, Gulfstream Management Services® and Gulfstream ServiceCare®. The company employs some 8,300 people at eight locations. We invite you to visit our Web site for more information and photos of Gulfstream aircraft at www.gulfstream.com.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 52,000 people worldwide and had 2001 revenues of $12 billion. The company has leading market positions in land and amphibious combat systems, mission-critical information systems and technologies, shipbuilding and marine systems, and business aviation. More information about the company can be found on the World Wide Web at www.generaldynamics.com.